Virtus Investment Partners (VRTS) Issues Earnings Results, Beats Estimates By $0.18 EPS
Virtus Investment Partners (NASDAQ:VRTS) announced its quarterly earnings data on Friday. The closed-end fund reported $2.60 EPS for the quarter, beating the Zacks’ consensus estimate of $2.42 by $0.18, Bloomberg Earnings reports. The firm had revenue of $128.00 million for the quarter, compared to the consensus estimate of $127.09 million. Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. The firm’s revenue was up 60.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share.
Shares of Virtus Investment Partners (NASDAQ VRTS) traded up $1.15 during mid-day trading on Friday, reaching $130.75. 27,608 shares of the company were exchanged, compared to its average volume of 62,235. The company has a market capitalization of $916.23 and a price-to-earnings ratio of 24.11. Virtus Investment Partners has a fifty-two week low of $97.60 and a fifty-two week high of $134.65.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, January 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 33.58%.
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Virtus Investment Partners Company Profile
Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.
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